Multi-Family Underwriter
<span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;"><b><u><span style="color:#000000;">MULTI-FAMILY UNDERWRITER (FULLY REMOTE) </span></u></b><u><span style="color:#000000;">www.bhproperties.com</span></u></span></span><br><br><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;"><b><u><span style="color:#000000;">COMPANY</span></u></b></span></span><br><br><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">BH Properties is a <span style="letter-spacing:0.05pt;">p</span>ri<span style="letter-spacing:-0.1pt;">v</span>ately held c<span style="letter-spacing:0.15pt;">o</span><span style="letter-spacing:-0.05pt;">m</span><span style="letter-spacing:0.05pt;">m</span><span style="letter-spacing:-0.05pt;">e</span>rcial r<span style="letter-spacing:-0.05pt;">e</span>al <span style="letter-spacing:-0.05pt;">es</span><span style="letter-spacing:0.1pt;">t</span>ate i<span style="letter-spacing:0.05pt;">n</span><span style="letter-spacing:-0.1pt;">v</span><span style="letter-spacing:0.05pt;">e</span><span style="letter-spacing:-0.05pt;">s</span>t<span style="letter-spacing:0.1pt;">m</span><span style="letter-spacing:-0.05pt;">e</span>nt <span style="letter-spacing:-0.05pt;">f</span>irm <span style="letter-spacing:-0.05pt;">f</span>ocu<span style="letter-spacing:0.05pt;">s</span><span style="letter-spacing:-0.05pt;">e</span>d on<span style="letter-spacing:-0.25pt;"> value-add</span> <span style="letter-spacing:0.05pt;">a</span>cqui<span style="letter-spacing:-0.1pt;">s</span>itions<span style="letter-spacing:-0.25pt;"> in</span><span style="letter-spacing:-0.35pt;"> office, industrial, retail, and </span>mult<span style="letter-spacing:0.35pt;">i</span><span style="letter-spacing:0.05pt;">-</span><span style="letter-spacing:-0.05pt;">f</span>am<span style="letter-spacing:0.05pt;">i</span>ly prop<span style="letter-spacing:-0.05pt;">e</span>rties throughout t<span style="letter-spacing:0.05pt;">h</span>e W<span style="letter-spacing:-0.05pt;">es</span>tern <span style="letter-spacing:-0.05pt;">U</span>nited Stat<span style="letter-spacing:0.05pt;">e</span>s, along with investments in distressed debt and ground leases. The Company is vertically integrated, with offices in Los Angeles, San Francisco, Seattle, Riverside, Phoenix, Dallas, and Houston, and is able to acquire and close transactions without the need for lengthy due diligence periods. Our 30-year track record and balance sheet allow us to move quickly and creatively, structuring acquisitions to satisfy sellers’ needs in a highly competitive market. Today, the Company owns and operates approximately 10M square feet across 18 states. </span></span><br><br><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;"><b><u><span style="color:#000000;">POSITION</span></u></b></span></span><br><br><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">The Multi-Family Underwriter will support the acquisition and finance teams and perform tasks such as financial analysis and modeling, market research and analysis, due diligence, investment presentations, and organizing and maintaining the acquisition pipeline. The role, which is highly visible, requires effective communication, both internally and externally, with the executive team, property sellers, brokers, and service providers. The successful candidate will be a self-starter, comfortable working in a collegial, team environment with minimal day-to-day oversight.</span></span><br><br><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;"><span style="letter-spacing:-0.25pt;">The </span>Multi-Family Underwriter<span style="letter-spacing:-0.25pt;"> will report to the Managing Director, Head of Affordable Housing Acquisitions.</span></span></span><br><br><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;"><b><u><span style="letter-spacing:-0.25pt;">LOCATION</span></u></b></span></span><br><br><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;"><span style="letter-spacing:-0.25pt;">The </span>Multi-Family Underwriter<span style="letter-spacing:-0.25pt;"> will join our team remotely from the Philippines and will work during US Pacific business hours.</span></span></span><br><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;"> </span></span><br><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;"><b><u><span style="letter-spacing:0.05pt;">R</span></u></b><b><u>ESPONSIBILITIES</u></b></span></span><br><br><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;"><u>Including, but are not limited to:</u></span></span><br> <ul style="margin-top:6px;"><li style="margin-top:6px;margin-right:50px;margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">Perform financial analysis and real estate underwriting on potential investment opportunities.</span></span></li><li style="margin-right:50px;margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">Assist in reviewing offering memoranda and other seller-provided materials such as income statements, balance sheets, and cash flows.</span></span></li><li style="margin-right:51px;margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">Conduct efficient and relevant market research and analysis that will be included in presentations to support real estate investment decisions.</span></span></li><li style="margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">Prepare high caliber slide decks.</span></span></li><li style="margin-right:50px;margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">Assist in property-level due diligence, including lease review/abstraction, rent roll review, loan document analysis, and coordinating title, survey, and third-party reports.</span></span></li><li style="margin-right:50px;margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">Perform market-level due diligence, including sale comps, lease comps, and investment trends.</span></span></li><li style="margin-right:50px;margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">Organize and maintain acquisitions pipeline.</span></span></li><li style="margin-right:50px;margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">Perform administrative support to the Acquisitions and Finance teams.</span></span></li></ul><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;"><b><u><span style="letter-spacing:0.05pt;">QUALIFICATIONS</span></u></b></span></span><br> <ul><li style="text-align:justify;margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">A bachelor’s degree in real estate, finance and/or accounting a plus.</span></span></li><li style="text-align:justify;margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">MBA degree preferred. </span></span></li><li style="text-align:justify;margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">2-5 years of experience in real estate asset management, finance and/or acquisitions. </span></span></li><li style="text-align:justify;margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">Comfort and proficiency in underwriting and <b>analyzing multifamily/apartments/ affordable housing</b> real estate opportunities. </span></span></li><li style="text-align:justify;margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">Experience with quantitative, spreadsheet evaluations, and/or analysis (return on investment, cash flow, net operating income).</span></span></li><li style="text-align:justify;margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">Advanced Excel modeling skills required.</span></span></li><li style="text-align:justify;margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">Strong organizational, time management, verbal and written skills. </span></span></li><li style="text-align:justify;margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">Strong desire to succeed and ability to work effectively with minimal oversight, while functioning in a team environment. </span></span></li><li style="text-align:justify;margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">Ability to generate high quality, error-free work product for internal and external distribution on tight deadlines with minimal oversight. </span></span></li><li style="text-align:justify;margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">Unquestionable integrity and ethics. </span></span></li><li style="margin-right:50px;text-align:justify;margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">A “Team Player” mentality, with a passion for brainstorming, problem solving, and independent thinking.</span></span></li><li style="text-align:justify;margin-left:8px;"><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;">Passion for multi-family real estate and desire to grow with an exceptional team. </span></span></li></ul><br><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;"><b><u><span style="letter-spacing:0.05pt;">CONSULTING FEE</span></u></b></span></span><br><br><span style="font-size:12pt;"><span style="font-family:'Times New Roman', serif;"><span style="letter-spacing:0.05pt;">We offer a generous consulting fee & benefits package, along with the opportunity for development and stability within a well-capitalized, entrepreneurial, and growing real estate investment group.</span></span></span><br>